Binary Options is here to stay! It is much easier to understand and trade than the traditional trading platforms. Everyone is trying to get a piece of it at the moment.
If you are new, let me try explaining binary options. They are contracts between a buyer and seller. The buyer looks through the many assets and chooses whether the asset will fall or rise in the immediate future. If he is correct he gets paid out the predetermined amount from the seller. If he is wrong he get nothing. Due to it being so simple to understand it has become very popular of late and investors love it!.
Back to the topic, is binary options gambling? You would think it is comparable to gambling especialy roulette since all traders need to do is try and anticipate whether the price is going up or down. Once the market or asset has closed he can either be paid as high as 80% or loose his investment. The best part is one does not need to pay any capital gains tax on winnings. Although this is starting to sound like gambling we also need to consider some facts.
People that trade binary options often call it their business. They research using various systems and tools as well as analyse just as you would in your traditional business. These traders therefore understand their market. This requires dedication and commitment. To these guys Binary is a calculated risk and is definitely not gambling.
To conclude, binary options would be considered gaming to guys that come in to try make a quick buck without the research. However it can never be gambling as needs to conduct research before he makes his choice on what to invest in. Of course there are risks but we are confident in saying Binary Options is not gambling.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Between 74-89 % of retail investor accounts lose money when trading CFDs